The German publisher is buying the Politico website for a billion dollars

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The German publisher is buying the Politico website for a billion dollars

30.08.2021 News

The German publishing holding Axel Springer will purchase the Politico policy site. This was reported by the press service of Axel Springer.

The holding has signed an agreement with the founder and publisher of Politico, Robert Allbritton, to acquire the American company Politico and the news website Protocol, which specializes in the technology sector.

The holding will also buy another 50% of Politico Europe, which currently operates as a joint venture.

In turn, Reuters writes that Axel Springer will acquire Politico under a deal for more than $ 1 billion.

Note that journalists who previously worked at the Washington Post founded Politico in 2007. The company now employs about 700 people across North America, more than half of whom are editors. Politico Europe, which was founded 7 years ago, now employs almost 200 people.

At the same time, Springer owns a number of news agencies, including Bild, Welt and Insider, and is active in more than 40 countries.

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